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Transcripts For BLOOMBERG The Pulse 20141126

you are watching the pulse. i m guy johnson. francine is in the building, just not on set. she will be back. let s get straight to our top story. oil trading at the lowest level in four years. this the day before opec meets in vienna. a deal to cut output looks increasingly unlikely. saudi arabia s oil minister has said that tumbling prices will stabilize and there is no need to reduce production. nexen go, venezuela and russia have als decided not to take action. the boss of rosneft has the same view. he has been speaking to ryan chilcote in an exclusive interview. he says his country can $60 aand prices as low as barrel. we decided to monitor oil prices over the next year. possibly everything is necessary. industry was privatized a long time ago. owners andrivate peculiarities to working in russia. like the climate and logistics. russia s oil producers will .eact to market demand efficiency is the main factor of determining market supply. if the demand and the price are

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